Twitter disables Trump tweet over copyright complaint By Reuters


© Reuters. U.S. President Trump hosts roundtable discussion on the reopening of U.S. economy at the White House in Washington

WASHINGTON (Reuters) – Twitter Inc (NYSE:) disabled a campaign-style video that President Donald Trump retweeted on Saturday, citing a copyright complaint.

The video, which included music from the group Linkin Park, disappeared from the president’s Twitter feed late Saturday with the notification: “This media has been disabled in response to a report by the copyright owner.”

Twitter removed the video, which Trump had retweeted from White House social media director Dan Scavino, after it received a Digital Millennium Copyright Act notice from Machine Shop Entertainment, according to a notice posted on the Lumen Database which collects requests for removal of online materials.

Machine Shop is a management company owned by the rock band Linkin Park, according to its LinkedIn (NYSE:) page.

“We respond to valid copyright complaints sent to us by a copyright owner or their authorized representatives,” a Twitter representative said in an email statement.

The White House did not immediately respond to a request for comment.

Twitter began challenging Trump’s tweets in May and has repeatedly clashed with him since. The social media company has several times disabled or commented on tweets by the president because of what it said were copyright complaints or violations of a policy against threatening violence.

Twitter removed an image the president tweeted on June 30, which included a picture of Trump, because of a complaint from the New York Times, whose photographer had shot the image.

The company also put a tweet from the president behind a warning label in late May, saying that he had violated its rules against “glorifying violence” when he advocated that Minneapolis authorities be tough in responding to protests over the death of George Floyd.

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Twitter says attackers downloaded data from up to eight non-verified accounts By Reuters


© Reuters. The Twitter logo and binary cyber codes are seen in this illustration

(Reuters) – Twitter Inc (NYSE:) said on Saturday that hackers were able to download account information for up to eight accounts involved in the hack of its systems this week, but said none of them were verified accounts.

The company said https:// the attackers targeted 130 accounts, and were able to reset passwords and take control of 45 of them and tweet from those accounts.

Hackers accessed Twitter’s internal systems to hijack some of the platform’s top voices including U.S. presidential candidate Joe Biden, reality TV star Kim Kardashian, former U.S. President Barack Obama and billionaire Elon Musk and used them to solicit digital currency.

Publicly available blockchain records show the apparent scammers received more than $100,000 worth of cryptocurrency.

The high-profile accounts that were hacked also included rapper Kanye West, Amazon.com (NASDAQ:) founder Jeff Bezos, investor Warren Buffett, Microsoft (NASDAQ:) co-founder Bill Gates, and the corporate accounts for Uber (NYSE:) and Apple (NASDAQ:).

In its latest statement, Twitter said attackers “manipulated a small number of employees” to gain access to the internal support tools used in the hack.

The company said it was holding back some of the details of the attack as it continues its investigation and reiterated that it was working with impacted account owners.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Twitter scammers just wanted money. But what if they had worse plans? By Reuters


© Reuters. The Twitter logo and binary cyber codes are seen in this illustration

By Ayanti Bera and Nandita Bose

(Reuters) – The hackers who seized control of the Twitter accounts of Joe Biden, Kim Kardashian, Barack Obama and Elon Musk appear to have been in it only for the money.

But with social media now the main way many politicians, countries and companies communicate with the public, U.S. lawmakers were wondering if it could have been worse.

“While this scheme appears financially motivated…imagine if these bad actors had a different intent to use powerful voices to spread disinformation to potentially interfere with our elections, disrupt the stock market, or upset our international relations,” U.S. Senator Ed Markey, a Democrat, said in a statement.

Twitter Inc (NYSE:) said hackers had targeted employees with access to its internal systems and “used this access to take control of many highly-visible (including verified) accounts and Tweet on their behalf”.

Other high-profile accounts that were hacked included rapper Kanye West, Amazon (NASDAQ:) founder Jeff Bezos, investor Warren Buffett, Microsoft Corp (NASDAQ:) co-founder Bill Gates, and the corporate accounts for Uber (NYSE:) and Apple Inc (NASDAQ:).

Twitter’s shares slid after the hack, trading nearly 2 percent lower late on Thursday morning after paring earlier losses. In an extraordinary step, it temporarily prevented many verified accounts from publishing messages as it investigated the breach.

The hijacked accounts tweeted out messages telling users to send bitcoin and their money would be doubled. Publicly available blockchain records show that the apparent scammers received more than $100,000 worth of cryptocurrency.

CEO Jack Dorsey said in a tweet on Wednesday that it was a “tough day” for everyone at Twitter and pledged to share “everything we can when we have a more complete understanding of exactly what happened”.

But the breach is certain to refocus attention in Washington on social media companies, which have already attracted the concern of critics on both the left and the right because of their vast reach, security and privacy policies, and impact on political discourse.

“A successful attack on your system’s servers represents a threat to all of your users’ privacy and data security,” Republican Senator Josh Hawley wrote in a letter to Dorsey.

Frank Pallone, a Democrat who chairs the House Energy and Commerce Committee that oversees a sizeable portion of U.S. tech policy, said in a tweet the company “needs to explain how all of these prominent accounts were hacked.”

Financial analysts said hacks of this nature are not likely to have much material impact on Twitter’s balance sheet, although it could lead the company to spend more on security.

The hack “certainly doesn’t help,” Joe Wittine, Edgewater Research analyst, told Reuters in an email. It will pose more of a “reputational risk”, versus “material near-term risk to advertising revenues.”

Bernstein analyst Mark Shmulik said in the long-term, “maybe if a few of the ‘blue check mark’ accounts decide to leave the platform that could have a minor impact on usage.”





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Twitter regains control after prominent accounts hijacked to tweet bitcoin scams


Twitter Inc. accounts belonging to top U.S. executives, lawmakers and celebrities were compromised Wednesday and appeared to be used in an attempt to siphon bitcoin from their social-media followers until the company wrangled back control of its site hours later.

After a number of cryptocurrency-related Twitter accounts were reportedly hijacked Wednesday afternoon, Tesla Inc.
TSLA,
+1.92%

Chief Executive Elon Musk — with more than 36 million Twitter followers who have been repeatedly targeted by potential bitcoin scammers on the service — tweeted out an entreaty to send him bitcoin soon after the end of the day’s trading session.

From there, the list of compromised Twitter accounts grew into a veritable Who’s Who in real-time on the service. Microsoft Corp.
MSFT,
-0.14%

founder Bill Gates, Democratic presidential candidate Joe Biden and former President Barack Obama, Apple Inc.’s
AAPL,
+0.68%

never-used corporate account, Berkshire Hathaway Inc.’s
BRK.A,
+0.26%

BRK.B,
+0.44%

Warren Buffett, Amazon.com Inc. founder and CEO
AMZN,
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Jeff Bezos, as well as musician Kanye West all tweeted out a similar message.

Twitter waited an hour and a half to make a public statement, and then restricted verified users of the site from posting while halting other activity sitewide as engineers attempted to regain control. Eventually, Twitter’s support team said that they were “working to get things back to normal” Wednesday evening.

CEO Jack Dorsey tweeted for the first time during the ordeal past 6 p.m. Pacific time, roughly five hours after Musk’s account originally tweeted the bitcoin message. Dorsey — who also helms Square Inc.
SQ,
+0.79%

, which facilitates the transfer of some cryptocurrencies — said Twitter was still “diagnosing” the attack.

Around 7:30 p.m. Pacific, Twitter began explaining the situation, and said the hackers had apparently accessed its internal systems.

“We detected what we believe to be a coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools,” the company tweeted. “We know they used this access to take control of many highly-visible (including verified) accounts and Tweet on their behalf. We’re looking into what other malicious activity they may have conducted or information they may have accessed.”

Shares of Twitter
TWTR,
+3.75%

sank more than 4% after hours and ended the extended session down 3.6%, after closing at $35.67. A decline of that magnitude would wipe away more than $1 billion from Twitter’s market capitalization.

According to CoinDesk, Twitter accounts for cryptocurrencies and crypto influencers such as Gemini, Binance, KuCoin, Coinbase, Litecoin’s Charlie Lee, Tron’s Justin Sun, bitcoin, Bitfinex, Ripple, Cash App, and CoinDesk, were also compromised. BitTorrent also confirmed the hacks and said it was working with Twitter to return its accounts to normal.

While Twitter shares fell, bitcoin prices were unaffected by the fiasco. As of Wednesday night, bitcoin futures
BTCUSD,
-0.06%

were down just 0.1%, at about the $9,200 level. It isn’t clear if any bitcoins were lost in the scam, but some have speculated that the perpetrator of the Twitter attack may have gotten some $100,000 in coins sent to their account.





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Facebook, Twitter Drop as Unilever, Honda Join Ad Boycott By Investing.com


© Reuters.

By Christiana Sciaudone

Investing.com — Facebook (NASDAQ:) slumped Friday as industry giants pulled ads in a boycott of the social media giant driven by the Anti-Defamation League. Honda Motor Co.’s U.S. division was the latest to join the fray, saying it would suspends ads for the month of July, according to CNBC.

Unilever (NYSE:) said earlier on Friday it will stop advertising on Facebook, as well as Twitter Inc (NYSE:), for the rest of the year, citing hate speech and divisive content. Verizon (NYSE:) joined the Facebook boycott on Thursday. Ad Age reported that Verizon spent $850,000 in ads on Facebook in the first three weeks of June. Honda spent $1.1 million in ads on Facebook in 2019, CNBC reported.

Facebook and Twitter shares both fell more than 7% to their lowest in more than a month.

Mark Zuckerberg posted a statement in the afternoon saying that Facebook would create a higher standard for hateful content in ads, though “there is a public interest in allowing a wider range of free expressions in people’s posts than in paid ads.” 

The company will also label some content and will remove anything that incites violence or suppresses voting, including if posted by a politician or government official. Facebook will also ramp up its Elections Operations Centers in the 72 hours leading up to election day to remove false claims about polling conditions, including any posts regarding false claims that immigration enforcement agents will be checking for immigration papers at polling places. 

The Anti-Defamation League accused Facebook of using $70 billion to allow “incitement to violence against protesters fighting for racial justice in America,” and for allowing for voter suppression.

The North Face and Patagonia are also participating in the “Stop the Hate for Profit” campaign.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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